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**loan payment amount formula**: The PV, or present value, portion of the loan payment formula uses the original loan amount. The original loan amount is essentially the present value of the future payments on the loan, much like the present value of an annuity. It is important to keep the rate per period and number of periods consistent with one another in the formula.How this formula works. Loans have four primary components: the amount, the interest rate, the number of periodic payments (the loan term) and a payment amount per period. You can use the PMT function to get the payment when you have the other 3 components.And there you have it: the number of payments N on a loan of amount A with interest rate i and payment amount P. (You can use any logarithm base, as long as both logs use the same base.) You can also use the Excel workbook that accompanies this page. Example 3: Aunt Sally offers to lend you $3500 at 6% for that new home theater system you want.Online calculator to calculate payment amount for a loan. ... Loan Payment Amount Formula. P = ( r * A ) / ( 1 - (1+r)-N) Where, P = Payment Amount A = Loan Amount r = Rate of Interest (compounded) N = Number of Payments Rate of Interest Compounded is, If Monthly, r = i / 1200 and N = n * 12 If Quarterly, r = i / 400 and N = n * 4 If Half yearly, r = i / 200 and N = n * 2 If Yearly, r = i ...To calculate loan payments using a loan calculator, start by entering the loan amount and interest rate into the spaces provided. Next, enter the loan term and the start date, then hit the "Calculate" button.The length of your loan is the amount of time in which you intend to repay the loan. For example, if you have a $200,000, 30-year loan, that means you intend to repay the loan over a 30-year span. In the formula, because you are determining your monthly payment, the length of the loan must be broken down to months.How this formula works. Loans have four primary components: the amount, the interest rate, the number of periodic payments (the loan term) and a payment amount per period. One use of the NPER function is to calculate the number of periodic payments for loan.The fixed monthly payment for a fixed rate mortgage is the amount paid by the borrower every month that ensures that the loan is paid off in full with interest at the end of its term. The monthly payment formula is based on the annuity formula.The monthly payment c depends upon: . r - the monthly interest rate, expressed as a decimal, not a percentage.. Since the quoted yearly percentage rate ...The loan payment calculation for an interest-only loan is easier. Multiply the amount you borrow by the annual interest rate. Then divide by the number of payments per year. There are other ways to arrive at that same result.Usually, whether you can afford a loan depends on whether you can afford the periodic payment (commonly a monthly payment period). So, the most important amortization formula is probably the calculation of the payment amount per period. Calculating the Payment Amount per Period. The formula for calculating the payment amount is shown below.

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